Accenture shows a strong performance for several trading sessions and is going towards new highs.

From a fundamental viewpoint, despite a quite high valuation, analysts polled by Thomson Reuters have regularly revised upward the earning per share estimates.
Furthermore, the company has a strong ability to generate cash and has a treasury of $ 6.6 billion.

Technically, the stock is moving in an upward trend for many weeks. This movement reflects a buyer enthusiasm confirmed also by the well orientation of the 20 and 50-day moving averages. The security is going toward USD 78.35 and would give a strong buying signal if the crossing is confirmed in daily closing.

Exceeding the technical line at USD 78.35 would point to ambitious upward targets. In this case, market participants could buy this stock with an initial target of USD 85. If investors reduce long-side exposure for profit-taking, a bearish trend would happen below the USD 75 pivot point and so this strategy would be invalidated.